California Court Upholds Demurrer Of Trustee's UCL And Foreclosure Claims
Mealey's (January 5, 2016, 11:33 AM EST) -- SAN FRANCISCO — A California appeals court on Dec. 31 affirmed the dismissal of a trustee's claims for violation of California's unfair competition law (UCL) and for wrongful foreclosure, finding that a bank's ineffective attempt to securitize a loan obligation adversely affected the value of her property or that the UCL was violated (Cynthia Heier as Trustee, etc. v. Wells Fargo Bank, N.A., No. A140847, Calif. App., 1st Dist., Div. 3; Calif. App. Unpub. LEXIS 9475).